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. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every american. my concern about raising the retirement age gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: there are many potential cliffs but higher taxes for structural changes for medicaid and medicare may be abong the biggest. bob corker argued for both warning everyone against punting this until next year or accepting phony savings that don't solve or at least address the underlying deficit and structural debt problems. charlie and norah? >> let me add my voice, congratulations you on this day enharnting one of the big jobs in journalism. they're big shoes
-0 deficit. 21-14 late in the game, but lincoln comes back to score the two-point conversion by tyree. 22-21! >> we worked hard from the beginning. all we did, all the fighting, we were torn. and it's great to happen! >> i'm very proud of this team. we've been through ups and downs, injuries all year. i love my team! >> last week, we said, hey, we're gonna eat some turkey. we're gonna be champions. >> who would have won? we would have never did it! >> right. all right. nfl, 49er business. quarterback alex smith practiced today. he reportedly has been medically cleared to play, but the team is denying it. so is it colin kaepernick at center in new orleans? jim harbaugh speaks tomorrow afternoon at niner headquarters. >>> hey, did you hear? it's thanksgiving! right place, right time, in the woodside high school. runs it back for a touchdown. he scored six in the last two games. 49-19. they get the best of the jets. >>> college basketball, cal up. richard solomon. no foul called. he gets teed up. moments later, mike montgomery gets up. bears trailed by as much as eight but they come on back.
loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues, including tax rates on the wealthy. those have to go up. they have to go up. >> reporter: but many republicans believe the best way to close the gap is reform entitlement programs like social security and medicare. democrats aren't on board yet. >> my concern about raising that medicare retirement age is there will be gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: and with the fiscal cliff looming, white house economists are warning shoppers concerned about a tax increase pay not spend as much this holiday season. danielle -- nottingham, cbs news. >>> investors are worried the strong start to the holiday shopping season may not last. right now, let's take a look at the dow. it's down nearly 60 points at this hour. >>> something that might help those numbers on wall street, cyber monday. it's expected to be the biggest online shopping day of the year. one data tracking firm predicts online sales
out of negotiations. >> social security set aside. it doesn't add to the deficit. when it comes to medicare and medicaid, protect the program. >> reporter: distance from a deal still evident although the gap between lawmakers is closing. just this morning, the white house released a new report detailing the impact of lawmakers if they don't reach a deal. that report is consumers will spend $200 billion less next year. that could affect any economic recovery. reporting in washington, danielle leigh, nbc news. >>> it is cyber monday. we asked scott mcgrew to take a look at the deals you might find online. >> good morning. amazon has a 55" panasonic on sale. this is a favorite of mine. it is roku. i recommend it. it brings netflix and hulu to your television. there are several web sites offering a deal on fisher price toys. half off in certain cases. toys r us or amazon. the term cyber monday, that is old fashioned. it dates way back to the early 2000s, when the only way anyone could get online was to do so from work. so the first day back to work after black friday became the bigg
the homeless rather than give spare change. >>> another step back to closing california's budget deficit. the steal of the state's first pollution permits brought in much less money than expected. the governor and lawmakers projected three auctions would raise $1 billion. but now analysts project it will only bring the state around $216 million. the governor's january budget could reflect the lower projections. >>> illegal marijuana growers appear to be growing green. investigators say growers around the country are turning to solar power to remain off the grid and avoid deduction. police in new mexico said it's a growing crime and have busted many illegal marijuana operations that use solar panels. authorities in california say they're patrolling the wine country for solar panel thefts. they believe they're being used to grow pot. >>> in the sierra, this year's black friday turned out to be fairly white. here is a look at conditions on the roads and on the slopes. >> reporter: these snowmen were hanging out in mud and grass, and the skiers and snowboarders were headed higher up. >> it's
states postal service has money problems a deficit forcing closures and cut backs in service. abc 7 news found out, one of the local post offices on that list is a gem, a throw back to mostly to the woman who runs it. >> if you look, you might see yourself in this time lapse. relax if you can. destination is beyond the freeway, past orinda, taking a route throughout the redwoods to replace urban world does not penetrate. a community identify bid its post office. here it is. the one known for hardly ever having a line. >> so this is most of the timeq÷ it's empty? >> do you get lonely? >> no. >> this should be the last word to scribe describe here. it is in canyon, serving about is 94 residents nchl a community with no door to door deliveries... everybody picks up mail here. you know all of the names? >> yes. i do. >> all addresses? >> yes. doi. >> all family history? >> yes. yes. >> all of stuff you're not supposed to know. >> some i wish i didn't know. >> you know everything about everybody. >> i pretty much do. >> what she does not know is how cut backs by the postal service will affec
cliff. congress now has 35 taser to come to an agreement on deficit reduction. if they don't spending cuts will go into effect on january 1st and both parties say they are ready to compromise. the number of deadly crashes were up but dui arrests were actually down slightly. the chp said 31 people were killed including 6 between wednesday morning and today. many of those people were not wearing those seat belts. 224 people were arrested on suspicion of dui and that compares to 227 last year. i definitely remembered to put on a seat belt this morning. fog is a major problem in many areas, right tara? >> reporter: the fog is taking hold in oakland, vallejo, and san francisco county so definitely take your time and here is a look, fog has just settled in there and traffic is going well, westbound are those headlights as you make your way towards concord. you can barely see anything and you can make out those headlights and at the bay bridge toll a plaza where a fog advisory is in effect for this span. every area does except for the west side of the dumbarton we are told there is some fog
sending the country off the fiscal cliff. congress has 45 days to come to an agreement on deficit reduction and if they don't spending cuts will go into effect january 31st. both sides are willing to compromise. >>> it is my decision to put them down and violate the pledge, long story short only if democrats will do entitlement reform. >> the key sticking point is what 0 do -- to do about taxes. they want to raise taxes and republicans don't want to. they are willing to cap certain deductions. >>> and perspective police officers, you can start applying for jobs at the san francisco police department this morning and they will start accepting applications for entry level police officers. eligible application cans have to be at least 20 years old, have a valid california driver's license and high school diploma or equivalent. it will end on friday december 7th and the starting pay for a san francisco police officer is 88,000 dollars a year. well for the san francisco 49ers there are quarterback questions all over again. it happened for the second straight game for the quarterback a
the deficit problem. >> the president has made clear that he will not sign a bill that extends the bush era tax cuts for those make mortgage than $250,000. >> billionaire warren buffett, an obama ally today wrote an editorial in "the new york times," calling for a higher minimum tax for the wealthy. >>> a shake-up in the middle east in politics today as an israeli moderate resigns. israeli defense minister ehud barack abruptly quit politics today, saying he'll only finish out his term. the obama administration had embraced him as a moderate influence on benjamin netanyahu's hard-line policies. meanwhile, a leader of hamas is warning that a fragile ceasefire in gaza could flare back into violence if negotiators don't come to agreement quickly. negotiations have to proceed through egyptian messagers because israel and the united states consider hamas a terrorist organization. >>> still ahead here at 5:00, it's a distinction that universities don't want. the bay area school, though, near the top of this dubious list. >>> and a blockbuster acquisition that never was. google tied to a takeover d
could be slapped with new taxes and the state could be thrown into a $11 billion deficit. >> house of representatives could sleet next week. it would expand the number of visas for science and technology students from other countries and make it easier for those students to bring the families to the u.s. house proposal would allow family members to come to the u.s. one year after they applied for the green cards. they say it is a bill to a stepping stone of immigration reform. opponents say the increase for visas for technology student would be upset by eliminating other visa programs. >> it is expected to top the agenda when president obama welcomes mexico's president-elect to the white house this week. he will return to mexico's institutional revolutionary power to party after 12 years when he takes office december 1st. he pushed more nor economic reforms and including overhauls of energy and tax laws. >>> supreme court could decide whether to take up the issue of gay marriage this week. the court is set to hold a closed door conference on friday where they can decide whether the
to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy court in order to seek permission for this. now, stow who continues to receive around-the-clock rehabilitation treatment, initially received brain trauma care at san francisco general for about four months after the alleged beating. stow was brutally attacked in the parking lot of dodgers' stadium while watching the game back in march of 2011. since then, the hospital and essentially taxpayers had to foot the bill for medical care. b
there particularly considering the deficit they overcame. that is the sporting life for a friday night. should be interesting come sunday. a game you will see on channel 2. looks like kapernick at quarterback and it'll be a different story there in new orleans. loud crowd, in a dome, enemy territory we'll see how they do then and then we'll really have a controversy. >> if he plays well, yeah, thank you mark. >> thank you so much for trusting ktvu news. >> we'll have the latest on the conditions of the family members involved in that horrible crash in palo alto. they're here tomorrow morning at 7:00 a.m. and we're always here for you on ktvu.com and mobile ktvu.
.s. postal service is dealing with a $12 billion deficit and among the closers and cutbacks, a local post office. as abc7 news reporter wayne friedman found out, it's a throwback and a gem mostly to the woman who runs it. junior if you look closely, you might see yourself in a time-lapse that is symbolic of our world. relax as you can, our destination lies beyond the freeway past this suburb, through the redwoods to a place the urban world does not penetrate. a community identified mostly by its post office. here it is, the one known for hardly ever having a line. >> most the time it's empty? >> most the time. >> do you ever get lonely in here? >> no. >> lonely should be the last word to describe elana. post office 94516 in canyon serves about 194 residents. in a community with no door-to-door deliveries, everybody picks their mail here. >> you know all the names? >> yes, i do. >> all the addresses. >> yes, i do. >> all the quirks. >> yep. >> all the family history. >> yep. >> all the stuff you are not supposed to know. >> yeah, all the stuff some of it i wish i didn't know so much. >>
>> the u.s. postal service is dealing with a $12 billion deficit. among the closers and cutbacks, a local post office. as abc7 news reporter wayne friedman found out, it's a throwback and a gem mostly to the woman who runs it. >> if you look closely, you might see yourself in a time-lapse that is symbolic of our world. relax as you can, our destination lies beyond the freeway past this suburb, through the redwoods to a place the urban world does not penetrate. a community identified mostly by its post office. here it is, the one known for hardly ever having a line. >> most the time it's empty? >> most the time. >> do you ever get lonely in here? >> no. >> lonely should be the last word to describe elana. post office 94516 in canyon serves about 194 residents. in a community with no door-to-door deliveries, everybody picks their mail here. >> you know all the names? >> yes, i do. >> all the addresses. >> yes, i do. >> all the quirks. >> yep. >> all the family history. >> yep. >> all the stuff you are not supposed to know. >> yeah, all the stuff some of it i wish i didn't know so much. >>
spending on social programs. >> entitlement reform is the only way we will really get the debt and deficit under control and we have to take it on. >> reporter: without a compromise, devastating across the board spending cuts and tax increases threaten to crush the economic recovery. on captiol hill, the battle lines are drawn for a showdown, a fiscal cliff hanger. that uncertainty is putting a damper on the shopping season that could be helping the economy. brian moore, nbc news, washington. >>> former hp executive and republican political activist says the nation's wealthy need to know they will need to pay more. >> taxing the wealthy is not a process of addressing our great opportunities and challenges. so, as uncommon as it is for republicans to say we will put revenue on the table and i think john boehner was crystal clear that revenue is on the table. the president needs to say here's my grand vision. >> she says the president should focus on addressing the issues that would jump start small business and encourage entrepreneurs. >>> the nhl lockout turned ten weeks old and business s
the ball. >>> i don't care if you raise taxes 100% on the wealthy. you're not going to fix the deficit prap. >> the republican leader is talking about it. but republicans are open to new rev new because of the new reality. >>> well, the president got reelected and we know at the end f this year taxes are going up on everybody. >> republicans say if the rich do pay more it should come only by reducing their tax deductions. democrats still insist on a rate hike on the rich. >> the president has made clear that he will not sign a bill that extends the bush era tax cuts or those making more than $250,000. >> billionaire warren buffett, an obama ally, again with a rate hike on the rich. calling in "the new york times" for a minimum tax on the wealthy. 30% of income between 1 million and $10 million. 35% above that. republicans insist any deal on tax hikes has to come after a commitment to control spending on medicare and social security. adding to the drama, the white house warned the strong start to holiday roadway tail steals could be spoiled by fears of tax hikes. holiday cheer and a reminder
doing away with mortgage interest deduction or limit it as they try to reduce budget deficit, housing industry is expected to fight back. finally the -- [ inaudible ] you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here, and you live way up here. brian, your cousin, he's a little bit older than you, he lives here, in chicago. and your aunt lisa lives here, in baltimore. uncle earnie? waaay out in hawaii. but don't you worry, we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! >>> good tuesday morning. cloudy skies downtown, 53° in the city, embarcadero looking dry today, maybe a few sprinkles along the coast strong cold front will move onshore early tomorrow wind advisory posted for the bay area and we're tacking about heavy rain and very gusty -- we're talking about heavy rain and very gusty winds wednesday. tuesday looks quiet. >>> as the holiday shopping season ramps up encouraging news for drivers look
into an 11 billion-dollar deficit. economists economists predict it would throw the economy into chaos triggering another recession. . many to 90% of california residents would see taxes go up. >> the cliff could also endanger the future of charities. nonprofit organizations are telling washington they can't survive if their funding is slashed. congress is considering a proposal that would cut from 35 to 28% the amount wealthy americans could write off in donations. >> a 1% decline in giving to american higher education would result in a loss of $300 million a year to colleges and universities. >> they have launched a new lobby including a website asking charities to contact their members of congress. >> the turkeys that didn't go to the thanksgiving table will be dished up because of the south of market store. more than 200 of their unsold fresh turkeys were frozen and donated to saint anthony's. they provide food for homeless, seniors and the working poor. they said that the need for food is still greater than ever, not just on the holidays. >> we can use this throughout novembe
four minutes left mcfarland scores. they erased a 14-0 deficit and led 21-14. lincoln within one decided to go for two and the win. and tyree mar set that got through and lincoln wins an epic thriller 22-21. >> we worked hard from the beginning. all we did all the fighting an all the blood. all the hills. we'll worked hard. i feel great to have this. >> i'm very proud of this team. we battled all season through ups and downs injuries all year. it's just so much that we could do. i love my team. >>> last week you said, hey, we're going to eat some turkey and be champions. >> we are here! my team fought with me! [ applause and cheers ] >> congratulations to the mustangs. >>> thanksgiving is usually reseven for families to get together. sadly that is not entirely the case for one player we found this week. that's mission offensive and defensive tackle main filet on the right. overcome with emotion. thanksgiving for him is bittersweet not just because of the loss to lincoln but because his older brother tyrell has missed another game what do you think your brother would say to you r
francisco championship game 22- 21 over the defending champion mission high. mission erased a 14-0 deficit but lincoln later took the lead for good with a two-point conversion. >>> now, the play of the day of from college basketball. memphis' chris with the alley- oop to team may d.j. stephens who dunked it in but in the end, unbelievable virginia commonwealth upset number 17 memphis 78-65. >> i could watch that all day. >> good luck. >> that was a great play. >> 5:25 now. black friday shopping is going full blast and weave we have team coverage. >> look overhead. lots of shoppers full parking lots all people trying to cash in on black friday deals. coming up we'll hear what those deals are. >> reporter: in daly city retailers opened early for door buster deals but one retailer took a different approach and opened later than usual this black friday. i'll tell you who and why. tell me that i did a good job. tell me we'll always be together. ♪ tell me i've still got it. that our traditions matter. tell me you love me for who i am. that you can't wait to be home. tell me you're glad i've jo
.s. postal service is dealing with a $12 billion deficit and among the closers and cutbacks a local post office. as abc7 news reporter wayne friedman found out, it's a throwback and a gem mostly to the woman who runs it. >> if you look closely you might see yourself in a time-lapse that is symbolic of our world. relax as you can, our destination lies beyond the freeway past this suburb, through the redwoods to a place the urban world does not penetrate. a community identified mostly by its post office. here it is, the one known for hardly ever having a line. >> most the time it's empty? >> most the time. >> do you ever get lonely in here? >> no. >> lonely should be the last word to describe elana. post office 94516 in canyon serves about 194 residents n a community with no door-to-door deliveries, everybody picks their mail here. >> you know all the names? >> yes, i do. >> all the addresses. >> yes, i do. >> all the quirks. >> yep. >> all the family history. >> yep. >> all the stuff you are not supposed to know. >> yeah, all the stuff some of it i wish i didn't know so much. >> you know
the deficit, and the battle lines have been pretty clear right now. the president campaigned rolling back the tax breaks for the highest earnings and republicans argued spending cuts are the way to get the deficit under control. are we starting to see a softening of those positions on both sides? >> reporter: here's what there's agreement on. both sides, both parties agree that the wealthiest have to pay more, and the question now and the sticking point at this stage is how do you go about making the wealthiest pay more? do you do it by raising the tax rates? that's what president obama wants to do. wants to raise the tax freights 35% where they are now up to where they were during the clinton years at 39% what. republicans are arguing is you don't have to do that. you can get all of the money or some of the money that you want by getting rid of loopholes so doing full-fledged tacts reform at next year but don't raise the tax rates at all and somehow get rid of the loopholes. the white house says, hey, that math doesn't work. >> let me pick up on that because we've seen a few republicans
Search Results 0 to 23 of about 24 (some duplicates have been removed)

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